VN-China Int’l Trade Fair on the horizon

At the conference (Source: VNA)

The fair will accommodate 834 booths, including 100 of Vietnam, displaying special products of ASEAN member countries, heard a conference in Mong Cai city, Vietnam’s northern Quang Ninh province, on October 10.

Nguyen Tien Dung, Vice Chairman of the Mong Cai city People’s Committee, said the city will set up a booth at the fair to introduce products of wards and communes in Quang Ninh province.

There will be exhibitions, forums and seminars on cross-border trade and tourism, along with various cultural, sports and tourism activities within the framework of the event.

A number of cooperation agreements and contracts are expected to be signed by Vietnamese and Chinese businesses during the fair.

The annual fair has been held in Mong Cai and Dongxi cities in turns since 2006, aiming to help the two countries’ enterprises seek partners.

The bilateral trade reached 66.6 billion USD in 2015, a year-on-year rise of 13.7 percent, of which Vietnam exported 17.1 billion USD worth of goods to China (up 14.8 percent) and imported 49.5 billion USD in commodities (up 13.3 percent).

In the first seven months of 2016, Vietnam’s exports reached 10.85 billion USD (up 14.93 percent) while its imports stood at 16.47 billion USD (down 3.42 percent).

In the first half of 2016, China ran 127 new investment projects in Vietnam with the total newly-registered and increased capital of 537.6 million USD.

As of July 2016, China (excluding Taiwan, Hong Kong and Macau), secured 1,500 investment projects in Vietnam worth 10.86 billion USD, ranking ninth out of the 116 countries and territories investing in Vietnam./.

Source: VNA